Mike Richards of the Philadelphia Flyers has signed a 12 year extension:

"Richards and the Flyers have agreed on a 12-year, $68.4 million contract extension, meaning Richards will be wearing black and orange through the 2019-20 season. Beginning in 2008-09, Richards will count $5.7 million against the Flyers’ salary cap. He is making $942,400 this season, the last on his three-year entry contract."

Well I think that means the Flyers really like him and want him long term. He is a great two way player and future Captain of the Flyers. Good signing, let's just hope he doesn't slow down after getting all this money!

Guest9782 ( )

Posted - 12/14/2007 : 15:50:52

I don't know, 12 years is a long time...............a lot can happen between now and then.

Pro's :1) Locked up for basically his career.2) Cap room is easier as you know that $5.7 million is locked for 12 years.3) Potential is enormous. If he continues to improve, he would be a top 10 player in the league for a long time. 4) If the Cap increases, and players are making $10+million a year, Richard's is still getting $5.7 million5) The player is likely to sign a for sure contract for $68+ million. Security over rick6) If he turns out to be gold, he will not be untradeable with a Brad Richard's type contract.

Con's:

1) The team takes all the risk. He turns out to be a bum, or gets injured, the team is stuck with the contract.

Although I am sure there are out clauses and insurances involved to protect the team a bit. In the end, it's a huge risk.

The GM either turns out to be a Genius or a complete knob. This is a job saver or a career ender for the GM.